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Nanocellulose market to garner extensive remuneration from Food packaging application

Author : Rahul Varpe | Published Date : 2019-03-25 

Global nanocellulose market to surpass a billion-dollar frontier by 2024, with an estimated CAGR of 33.9% over 2017-2024.  Global environmental concerns pertaining to reduction of carbon footprints has been one of the most pivotal factors uplifting nanocellulose demand from packaging sector. Imposition of stringent regulations via regulatory bodies to rule out the usage of non-biodegradable packaging materials especially in the food & beverages industry has been the significant driving force behind nanocellulose industry expansion.

On this note, it is prudent to mention that nanocellulose, as a food packaging material in this growing sector exerts lucrative investment opportunities, given the material’s ability to extend shelf life & preserve food. Incorporation of nanocellulose into polymer films is in fact, attracting much attention within the F&B industry, chiefly on the cusp of increasing consumer demand for preservative-free and minimally processed products. Taking into consideration these facts, it goes without saying that nanocellulose has emerged as a viable alternative that can improve environmental footprint of several industries by replacing petrochemical-based or synthetic materials.

To access a sample copy or view the Nanocellulose Market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/2423

A study conducted by the Global Greenhouse Gas Emissions states that around 10.5% of the environmental pollution is due to fossil fuel retrieval, processing and distribution, while over 18.5% is due to industrial processes. Owing to these environmental concerns, the benefits of nanocellulose-based packaging materials have been considered at a wider scale. Allegedly, the long-term use of such materials for packaging could, in turn, help combat the costs, unsustainability, and disposing challenges that the industry usually faces.

Report Metric  

  • Market Size available for years:  2017-2024
     
  • Base year considered:    2016
     
  • Forecast period:               2019–2024
     
  • Forecast Value: 1 bn (USD)
     
  • Segments covered:         Product, Application, Regional Outlook  
     
  • Geographies covered:   North America, Europe, Asia Pacific, Latin America, Middle East & Africa
     
  • Companies covered:       Innventia AB, Sappi Ltd., Borregard ASA, CelluForce Inc, Fpinnovations, American Process Inc, Kruger Inc, Daicel FineChem Ltd, Nippon Paper Group Inc, Melodea Ltd, J. Rettenmaire & Sohne GmBH (JRS), Asahi Kasei Corporation, CelluComp Ltd., Nippon Paper Group, STORA ENSO

Nanocellulose demand from the food industry is not only witnessed across the packaging sector but also as an important ingredient that is used as low-calorie substitute for carbohydrates additives, thickener, flavor carrier, and suspension stabilizer in food products. In fact, estimates claim that nanocellulose market accounted over USD 7.5 million from the food applications in 2016 and is further anticipated to garner hefty proceeds in the coming years. Apart from food industry, composites, cement, automobile, hygiene and textile are also some sectors that are poised to hold high adoption potential down the line.

Quite unsurprisingly, based on its incredible properties and environment quotient, the nanocellulose market players are increasingly emphasizing on expanding its end-use spectrum and product platform. According to reliable reports, nanocellulose market has already witnessed remarkable application in ultra-absorbent aerogels, ultimate body armor, future filters, super-flexible screens, bendable batteries, incredibly fuel-efficient cars and biofuel. With these prominent applications taking shape rather swiftly in the recent years, the global nanocellulose industry is deemed to experience a profound commercialization portfolio.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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